Jin10 data reported on July 31 that UBS Global Wealth Management analysts stated that the British Pound against the Japanese Yen seems to be weakening. "With the passing of the Japanese Senate elections and the conclusion of the US-Japan trade agreement, the selling pressure on the Yen should further diminish." For the British Pound, the market's expectations for a rate cut in the UK are relatively conservative. They indicated that the market may further price in a rate cut, especially after worse-than-expected data, as the Bank of England may adopt more aggressive policy easing tendencies to boost economic growth. UBS recommends shorting the British Pound against the Japanese Yen, with a target of 192.5 and a stop loss at 200.5.
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UBS: The British Pound against the Japanese Yen is expected to weaken.
Jin10 data reported on July 31 that UBS Global Wealth Management analysts stated that the British Pound against the Japanese Yen seems to be weakening. "With the passing of the Japanese Senate elections and the conclusion of the US-Japan trade agreement, the selling pressure on the Yen should further diminish." For the British Pound, the market's expectations for a rate cut in the UK are relatively conservative. They indicated that the market may further price in a rate cut, especially after worse-than-expected data, as the Bank of England may adopt more aggressive policy easing tendencies to boost economic growth. UBS recommends shorting the British Pound against the Japanese Yen, with a target of 192.5 and a stop loss at 200.5.